CADENCE MINERALS PLC — Board/Management Information 2018

Feb 5, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 9132D

Cadence Minerals PLC

05 February 2018

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

Appointment of Joint Broker & Director Share Purchases

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce the appointment of Beaufort Securities Limited as the Company's joint broker with immediate effect.

Kiran Morzaria, Chief Executive Officer of Cadence, commented:

"I'm pleased to announce the appointment of Beaufort Securities to complement our existing advisory services and assist in relaying the information about the lithium projects in which we are interested to the market and specifically to retail investors. Beaufort and their investor client base have a strong interest in the exploration for lithium and other technology minerals."

Director Share Purchases under Defined Director Purchase Programme

As announced in December 2017 the Directors all entered into a Defined Director Purchase Programme ("DDPP") in which they will each purchase £1,000 of ordinary shares per month for 12 months. These shares will be purchased from the market on the first Friday of each month starting on 2nd February 2018 and ending the 4th January 2019. The market will be notified of the purchases on the next trading day via a PDMR; Directors dealing notification.

The Directors have entered into a DDPP in an open period and under this programme are therefore committed to the purchase of shares in what otherwise may be a close period. Entering into the DDPP does not preclude the directors from buying additional shares in the Company during open periods.

Details of the Director purchases are contained in the table below:

Date Purchased	Director	Position	Number of ordinary shares acquired	Price paid per share (pence)
02/02/2018	Andrew Suckling	Executive Chairman	340,000	0.29
02/02/2018	Kiran Morzaria	Director & CEO	361,991	0.28
02/02/2018	Donald Strang	Finance Director	350,000	0.29
02/02/2018	Adrian Fairbourn	Non-Executive Director	340,136	0.29

After these acquisitions the total notifiable share interest in the Company for the directors is as follows

Director	Position	Total Notifiable Interests (shares)
Andrew Suckling	Executive Chairman	340,000
Kiran Morzaria	Director & CEO	8,870,763
Donald Strang	Finance Director	6,532,011
Adrian Fairbourn	Non-Executive Director	7,006,803
Total		22,749,577

For further information:

Cadence Minerals plc	+44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker)	+44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Hannam & Partners LLP (Joint Broker)	+44 (0) 207 907 8500
Neil Passmore
Giles Fitzpatrick
Beaufort Securities Limited (Joint Broker)	+44 (0) 207 382 8300
Jon Belliss
Square1 Consulting	+44 (0) 207 929 5599
David Bick

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Suckling

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Share

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.0029	340,000

d)

Aggregated information

-     Aggregated volume

-     Price

340,000

0.0029

e)

Date of the transaction

02/02/2018

f)

Place of the transaction

XLON, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kiran Morzaria

2

Reason for the notification

a)

Position/status

Director & CEO

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Share

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.0028	361,991

d)

Aggregated information

-     Aggregated volume

-     Price

361,991

0.0028

e)

Date of the transaction

02/02/2018

f)

Place of the transaction

XLON, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Donald Strang

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Share

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.0029	350,000

d)

Aggregated information

-     Aggregated volume

-     Price

350,000

0.0029

e)

Date of the transaction

02/02/2018

f)

Place of the transaction

XLON, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adrian Fairbourn

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Share

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.0029	340,136

d)

Aggregated information

-     Aggregated volume

-     Price

340,136

0.0029

e)

Date of the transaction

02/02/2018

f)

Place of the transaction

XLON, AIM

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale - upcoming supersized passenger vehicles, lorries and buses - require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £25 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral's goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSSAFSIFASESE